Thursday, July 5, 2012

Volkswagen Officially Completes Porsche Purchase

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VW has finally completed the sale of Porsche for €4.46 billion ($5.6 billion US). Volkswagen now owns 50.1% of Porsche SE and can add them to the growing VW family including Audi, Bentley, Bugatti, Lamborghini, Seat, and Skoda.

VW CEO Martin Winterkorn was quoted saying: "The unique Porsche brand will now become an integral part of the Volkswagen Group. That is good for Volkswagen, good for Porsche and good for Germany as an industrial location".

It would now appear more likely for a joint model to exist, but whether that is a roadster, 914 return, or new model entirely remains unknown.

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